Brevard Symphony Orchestra Inc
- Assets
- $2.3m
- Revenue
- $1.1m
- Investments
- $1.3m
- Employees
- 4
- Location
- Melbourne, FL
- Founding
- 12/1966
- Data as of
- 06/2022
- EIN
- 59-1149727
Organization Overview
Brevard Symphony Orchestra Inc is located in Melbourne, FL. The organization was established in 1966. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Brevard Symphony Orchestra Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brevard Symphony Orchestra Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Brevard Symphony Orchestra Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 4.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CLASSICAL MUSIC FOR COMMUNITY, FAMILY CONCERTS & MUSICAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SYMPHONY CONCERTS ATTENDED BY APPROXIMATELY 58,000 PEOPLE INCLUDING CHILDREN'S CONCERTS AND OUTREACH PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Smith Chair Elect | OfficerTrustee | 3 | $0 |
Philip Zies Vice Chair | OfficerTrustee | 3 | $0 |
Debbie Caldwell Director | OfficerTrustee | 3 | $0 |
Dr Nancy J Johnson Secretary | OfficerTrustee | 3 | $0 |
Travis Proctor Treasurer | OfficerTrustee | 3 | $0 |
Dotty Allen Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $308,131 |
| All other contributions, gifts, grants, and similar amounts not included above | $216,920 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $525,051 |
| Total Program Service Revenue | $482,180 |
| Investment income | $38,341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,998 |
| Net Income from Fundraising Events | $52,217 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,118,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,000 |
| Compensation of current officers, directors, key employees. | $98,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $297,707 |
| Advertising and promotion | $34,121 |
| Office expenses | $0 |
| Information technology | $3,134 |
| Royalties | $0 |
| Occupancy | $52,643 |
| Travel | $45,833 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,293 |
| Insurance | $4,403 |
| All other expenses | $22,864 |
| Total functional expenses | $1,069,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,849 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,699 |
| Net Land, buildings, and equipment | $10,684 |
| Investments—publicly traded securities | $789,981 |
| Investments—other securities | $1,324,290 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $389 |
| Total assets | $2,322,892 |
| Accounts payable and accrued expenses | $13,822 |
| Grants payable | $0 |
| Deferred revenue | $174,882 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $188,704 |
| Net assets without donor restrictions | $1,534,188 |
| Net assets with donor restrictions | $600,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,322,892 |